(a) Whenever the Commissioner shall refuse, suspend or revoke a certificate, he shall issue an order to that effect and promptly give notice of the same by mailing a copy of such order in a sealed, postpaid, registered envelope to each licensed general agent and to the principal office of such insurer.

(b) Any insurer receiving such order may request a review by the Commissioner under §12206.

(c) The order of refusal, suspension or revocation shall cite therein the cause for such action.

(d) After review by the Commissioner, he shall issue his final order and cause a copy of the same to be mailed to the persons, and in a like manner, as provided for the giving of the original notice.

(e) Any insurer whose application for a certificate has been refused, or whose certificate has been revoked, may file a new application for a certificate with the Commissioner at any time by complying with the requirements for the original issue of said certificate and the making of a showing that the reason for such refusal or revocation has been corrected, and the payment of the necessary fees.

22 Guam Code Ann. BUSINESS REGULATIONS
CH. 15 BUSINESS OF INSURANCE

SOURCE: GC § 43106.